Sharplink Buys 5,000 ETH Worth $7.85M After 8-Month Pause

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According to EmberCN citing Arkham data, Ethereum-focused treasury management company Sharplink bought 5,000 ETH worth approximately $7.85 million on June 26, marking its first purchase after a break of roughly eight months. The transaction was executed via institutional crypto service provider FalconX. Sharplink's last Ethereum acquisition occurred in October 2025, when the company purchased 19,270 ETH valued at approximately $78.3 million. As of June 21, the company held 876,285 ETH, worth approximately $1.3 billion at current prices, with an average cost basis of around $3,609 per ETH.
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